equitrust life insurance company annual report

provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . Surrender Charge. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. Equitrust Life Insurance Fast Facts. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. (816) 783-8400, For questions about the database & electronic filing: Save my name, email, and website in this browser for the next time I comment. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. A financial services company newly renamed and offering individual and business life insurance, and annuities. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! You can check out all of the benefits of the Confidence Income Annuity HERE. EquiTrust Life Variable Account . Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. For more information visit https://sapiens.com or follow us on LinkedIn. review the ongoing performance of any Adviser, participate in the management of any users account by an 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . However, the carrier does not provide a specific claims response timeframe promise. EquiTrust Life is a specialized insurance company, with a focus on life insurance. Leave us a note in the comments - we love everything insurance! Report Locked. Product not available in all states or may vary by state. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. By continuing to access this system you acknowledge you are aware of and agree to these terms. Financial Statement Filing & Step Through Guide, Raymond G. 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Below are the most recent examination reports for each insurance company listed. Chris Huntley Plus, there are tax advantages to owning a fixed annuity. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Access to every published model law, regulation, and guideline. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. Comparison shopping should be easy. More. Report Flag as Inappropriate. Get a D&B Hoovers Free Trial. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. That just isnt up to par with other insurance companies around today. Equitrust Life Insurance Co is a incorporated in the state of Iowa. Its "A+" rating through the BBB is impressive, though. For more information on how we're paid, click our link below.Full Disclosure. For questions regarding cocodes please call us at: 816-783-8600. administrators. As a result of hard work and talented people, we are doing well. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. EquiTrust Life Insurance Company is considered to be stable financially, and because of that, the company has earned the following ratings from the insurer rating agencies: B++ from A.M. Best Company. If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. EquiTrust, a trusted provider of retirement products with a strong track record of operating performance, distributes fixed-rate and indexed annuities and life insurance through a national network . If you put $100,000 into an annuity, you'll see $100,000 on your statement. 4.0 . Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. EquiTrust Life Insurance review. Developments and trends in financial markets and insurer investments. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. The / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. . Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. Therefore, the PDFs cannot be made available to state insurance regulators. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Copyright 2023 BestLifeRates.org, LLC. Call Sales Support. The company also offers roadside assistance and ridesharing coverage options. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. All rights reserved. Two multi-asset, risk-controlled index options provide an extra level of diversification. EquiTrust earns this recognition for performance from 2017 through 2021. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. A relative newcomer to the insurance industry, EquiTrust was established in 1996. You should not rely upon forward-looking statements as predictions of future events. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. The third, named WealthPay LifeTM, is really a combination product. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Glassdoor gives you an inside look at what it's like to work at EquiTrust Life Insurance Company, including salaries, reviews, office photos, and more. The insurance company does not list their official claims process on their website beyond how to file. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. 2021 Annual Report to Stockholders 1.5 MB. Adviser or provide advice regarding specific investments. The rating was last updated on 09/09/2022. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. About Us. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Official website is sorely lacking. Applicant ages generally range between 60-80. EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Contract E-Delivery is Here! SEC CIK #0001054501. Discover our framework to drive change and promote accountability in our workplace. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. [CDATA[// >